August 13, Quick Technology News -- The results for the A-share initial public offering (IPO) subscription of UBTech Robotics, hailed as the first humanoid robotics stock on the A-share market and a star enterprise from the Spring Festival Gala, have been announced. This IPO subscription set a new historical record for difficulty in A-share subscriptions, with the online retail investor winning rate at only about 0.0181%, and the offline institutional placement ratio also a mere 0.0334%.
Liang Wenfeng, founder of DeepSeek, made a heavy investment through multiple entities under his control, spending a total of nearly 180 million yuan to secure nearly 1.2 million shares. If UBTech Robotics' market capitalization exceeds 300 billion yuan after listing, the book floating profit from Liang's investment could potentially surpass 704 million yuan.
According to the announcement of preliminary offline placement results and online lottery results for UBTech Robotics' IPO, the company issued 40.4464 million new shares in this Sci-Tech Innovation Board (STAR Market) IPO, accounting for 10% of the total shares after the issuance.
After activating the online-offline clawback mechanism, the issued shares were divided into three parts: strategic placement of 8.0893 million shares, offline institutional placement of 22.6501 million shares, and online retail issuance of 9.707 million shares, corresponding to proportions of 20%, 56%, and 24% respectively, making institutions the biggest winners in this IPO allocation.
In the strategic placement segment, Depth Search (DeepSeek), an AI large model enterprise founded by Liang Wenfeng, was allocated 933,400 shares with an allocation amount of 141 million yuan. This portion of shares has a lock-up period of up to 36 months.
As a strategic partner of UBTech Robotics, Wang Xingxing, Chairman, General Manager, and Chief Technology Officer of UBTech Robotics, responded during an online roadshow on the afternoon of August 7th. According to the "Strategic Cooperation Memorandum" signed between UBTech Robotics and Depth Search, the two parties will focus on cooperation in three areas: "joint research and development for general artificial intelligence," "in-depth cooperation in high-performance general-purpose robotics," and "deep collaboration in AI large models," forming a powerful alliance in the field of artificial intelligence.
In addition to the long-term locked strategic placement, Liang Wenfeng also increased his participation in offline IPO subscription through two leading quantitative private equity firms under his control.
Among them, 155 private equity products under Ningbo Huanfang Quant (幻方量化) were collectively allocated 195,000 shares, with an allocation amount of approximately 29.4077 million yuan; 43 products under Jiuzhang Asset (九章资产) were collectively allocated 63,200 shares, with an allocation amount of approximately 9.5297 million yuan.
A total of 198 products from the two major quantitative institutions participated in the offline placement, cumulatively receiving 258,200 shares at a cost of about 38.9374 million yuan. Combined with the strategic placement shares from Depth Search, Liang Wenfeng's three core entities received a total allocation of 1.1916 million shares (nearly 1.2 million shares) in this round, with a total investment amount reaching 179.9 million yuan (nearly 180 million yuan).
Leveraging this industrial investment layout, the profit expectation for Liang Wenfeng's investment is already quite clear. According to market estimates, if UBTech Robotics' market capitalization surpasses 300 billion yuan on its first day of listing, the nearly 1.2 million shares he acquired could generate approximately 704 million yuan in book floating profit.
